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VCs Show Entrepreneurs the Money: $29.4 Billion in 2007

IRVINE, Calif., July 24 PRNewswire — Named Jerry or not, plenty of entrepreneurs were shown the money in 2007, as revealed in Entrepreneur magazine's 8th annual VC 100 listing measured by PricewaterhouseCoopers and the National Venture Capital Association's "Money Tree Report."

The VC 100 listing shows 3,813 deals were closed in 2007 with a total figure of $29.4 billion, the highest yearly investment since 2001. Funding for seed/early stage development rose 21 percent from the year prior, to $6.3 billion. First-time financings were also at a high with a total of $7.2 billion in funding.

"During variable economic times, resources to help locate funding are more important than ever," says Amy Cosper, VP/editor in chief at Entrepreneur. "This year's VC 100 is an invaluable launching point for entrepreneurs to locate firms not only receptive to their projects, but also actively investing in companies like theirs."

As the number-one resource for business owners, Entrepreneur gives readers a solid start to the search for capital with its VC 100. This year's listing is accompanied by a sector-by-sector look at growth capital for 2008, including: 1) bank loans and vendor credit, 2) private equity, 3) angel investing, 4) venture capital, and 5) corporate venture investments.

The first 10 firms with the most early stage deals in 2007 on the list are: Maryland Technology Development Corporation, Draper Fisher Jurvetson, Ben Franklin Technology Partners Southeastern PA, Innovation Works Inc., New Enterprise Associates, Ben Franklin Technology Partners of Northeastern PA, First Round Capital, Mohr Davidow Ventures, Kleiner Perkins Caufield & Byers, and Domain Associates LLC.

The top 100 VC firms listed in Entrepreneur are ranked based on the number of first-time fundings to companies in the startup and early stages of development in calendar year 2007. Companies in the startup stage may have been in business for a few months, and those in early development have generally been in operation for less than 24 months.

To see the full VC 100 list pick up the August issue of Entrepreneur on newsstands, or go to http://www.entrepreneur.com/VC100.

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SOURCE Entrepreneur Magazine

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